Where and how to stake XRP (XRP)

Introduction

Staking XRP can be a great option for those who wish to hold XRP while earning yield in a safe manner and contributing to the network. The steps can be somewhat daunting, especially the first time you do them. That’s why we have put together this guide for you.

Step-by-Step Guide

1. 1. Acquire XRP (XRP) Tokens

   To stake XRP, you need to have it. To obtain XRP, you'll need to buy it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Nexo	XRP (XRP)	2.14
   PrimeXBT	XRP (XRP)	2.13
   M2	XRP (XRP)	2.13
   Uphold	XRP (XRP)	2.69
   EarnPark	XRP (XRP)	2.11
   Kraken	XRP (XRP)	2.13

   See all 67 prices

2. 2. Select a XRP Wallet

   Once you have XRP, you’ll need to choose a XRP wallet to store your tokens. Here are some good options.

   Platform	Coin	Staking rewards
   YouHodler	XRP (XRP)	Up to 8 APY

3. 3. Delegate Your XRP

   We suggest using a staking pool for staking XRP. It's easier and quicker to get started. A staking pool is a collection of validators who combine their XRP, which increases their odds of validating transactions and earning rewards. You can do this through your wallet’s interface.

4. 4. Start Validating

   You'll have to wait for your deposit to be confirmed by your wallet. Once it's confirmed, you'll automatically validate transactions on the XRP network. You'll be rewarded with XRP for these validations.

What to Keep in Mind

You need to keep in mind the transaction and staking pool fees. Additionally, there might be a waiting period before you begin earning rewards. The staking pool will need to generate blocks, and this can take a while.